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Oracle 1z1-415 Exam Syllabus Topics:

Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is debited.
B) it depends on whether the customer account is Savings or Current.
C) The account is credited.
D) it depends on the currency being purchased.

2. There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked. On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)

A) There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
B) Retail Teller product screen
C) ARC maintenance screen
D) Till and Vault maintenance screen in Branch Parameters

3. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) Documents maintenance
B) INCO terms maintenance
C) Commodity Code maintenance
D) Merchandise code maintenance

4. A customer wants to set up utility bill payment. What product type must you select? (Choose the best answer.)

A) standing collection orders
B) standing payment orders
C) variable payment orders
D) sweep out transactions

5. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) Confirmation of the LC ensures that the goods that are exported are of very high quality.
B) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
C) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
D) Confirmation of the LC removes all discrepancies in the documents submitted.

Solutions: